Which of the Following Is TRUE in the Case of the Simple

question 143

Multiple Choice

Which of the following is TRUE in the case of the simple circular flow model with no saving?

• A) Total spending is greater than total income.
• B) Total spending equals total income only at full employment.
• C) Total spending equals total income.
• D) Total spending is less than total income.

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Definitions:

Metamorphic

Rock that has undergone transformation through heat, pressure, or chemically active fluids, altering its original composition or structure.

Sedimentary

Relating to rocks formed by the accumulation and consolidation of mineral and organic particles deposited by water, air, or ice.

Clastic

A material consisting of pieces (clasts) derived from preexisting rocks; usually formed on Earth’s surface in low-temperature environments; syn. detrital.

Clast Density

The measure of the density of the fragments or grains that make up a sedimentary rock.